Finnvera

Finnvera is a specialized financing company owned by the State of Finland, dedicated to supporting early-stage enterprises through a variety of financial services. It focuses on bridging the gap between product development funding and private equity investments, thereby complementing the existing financial market rather than competing with private financiers. Finnvera's investments are aimed at fostering growth and internationalization in technology enterprises and innovative service companies that show potential for becoming internationally competitive. In addition to direct investments via Seed Fund Vera Ltd., Finnvera provides loans, guarantees, venture capital investments, and export credit guarantees to help businesses develop and attract further financing from other investors and industry players.

Petri Ekman

Chairman of the Board of Directors and Chairman of the Board's Remuneration Committee

85 past transactions

Nordcloud

Series A in 2019
Nordcloud Solutions Oy is a cloud solution provider based in Helsinki, Finland, specializing in public cloud infrastructure and cloud-native application services. Founded in 2011, the company offers a range of services including managed services, cloud migration, cloud training, and application development. It caters to various industries such as manufacturing, financial services, and technology. Nordcloud also provides multi-cloud solutions utilizing platforms like Amazon Web Services, Microsoft Azure, and Google Cloud. With a focus on helping organizations optimize their IT infrastructure, Nordcloud has completed over 500 deployments, enabling clients to achieve enhanced security, agility, scalability, and cost savings through effective cloud strategies. As a subsidiary of Nord5 Group Oy, Nordcloud operates additional offices across several European countries, including Denmark, Germany, and the UK.

Enfuce

Series A in 2019
Enfuce Financial Services Oy, founded in 2016 and based in Espoo, Finland, specializes in providing a cloud-based payment platform tailored for banks, fintechs, and merchants. The company offers a range of services, including open banking, payment processing, issuing and acquiring solutions, as well as sustainability services like a carbon footprint tracker. Enfuce's innovative technology and compliance expertise enable it to deliver scalable and secure solutions to its clients, facilitating their financial operations and expansions. With a workforce of over 50 professionals in the Nordics, Enfuce supports nearly 10 million end-users on its platform, ensuring efficient monitoring, reporting, and handling of disputes and errors in financial transactions.

Aurealis Oy

Series B in 2019
Aurealis Oy is a biopharmaceutical company based in Kuopio, Finland, founded in 2010. The company focuses on developing innovative therapies for cancer and chronic wounds, utilizing advanced technology to produce multiple therapeutic proteins and antibodies directly in diseased tissues. Aurealis Oy specializes in immune modulation technology, which aims to restore the host immune microenvironment in cases of chronic inflammation and cancer. The company's research and development efforts encompass gene and cell-based therapies, as well as the creation of new active molecules through computational modeling of nature-derived compounds. Aurealis Oy actively seeks collaborations with pharmaceutical companies, academic institutions, and pre-clinical contract research organizations to enhance its interdisciplinary research initiatives and facilitate the implementation of its discoveries into practical applications.

TrademarkNow

Debt Financing in 2017
TrademarkNow Oy offers a sophisticated web-based trademark management platform designed for enterprise companies, law firms, and branding agencies. The platform provides instant access to trademark search and watch results through various products, including NAMECHECK for trademark searches, NAMEWATCH for prioritized watch reports, and EXAMATCH for searches across over 180 countries' trademark office databases. Additional tools such as LOGOCHECK expedite logo clearance, while Portfolio 360 offers comprehensive visibility into trademark portfolios. Competitor Watch delivers real-time intelligence on competitors, and Portfolio Analyzer facilitates portfolio creation and industry benchmarking with automated data visualization. Founded in 2012 and headquartered in Helsinki, Finland, TrademarkNow also has offices in Saddle Brook, New Jersey, and Kilkenny, Ireland. The company operates as a subsidiary of Corsearch, Inc.

Rive

Angel Round in 2017
Kodit.io is redefining how people buy, sell, and rent homes by eliminating time-consuming and costly procedures related to every real estate transaction. The company offers instant buying and data-driven brokerage services to home sellers and freshly renovated and safe city apartments for home buyers. Quick, easy, and transparent. Since being founded in 2017, the company has transacted homes worth over 90M euros and raised 121M in funding. The team comes from a colorful range of backgrounds, all the way from entrepreneurship to academics and Nordea to Harvard Business School. As of December 2020, Kodit.io consists of 45+ people from 7 different nationalities. Kodit.io is headquartered in Helsinki and is operating in all the major cities in Finland as well as Warsaw, Poland, and Madrid, Spain. Kodit.io service concept is developed by Homerun Technologies Ltd. You can find more about us: www.kodit.io/en

Aurealis Oy

Series A in 2017
Aurealis Oy is a biopharmaceutical company based in Kuopio, Finland, founded in 2010. The company focuses on developing innovative therapies for cancer and chronic wounds, utilizing advanced technology to produce multiple therapeutic proteins and antibodies directly in diseased tissues. Aurealis Oy specializes in immune modulation technology, which aims to restore the host immune microenvironment in cases of chronic inflammation and cancer. The company's research and development efforts encompass gene and cell-based therapies, as well as the creation of new active molecules through computational modeling of nature-derived compounds. Aurealis Oy actively seeks collaborations with pharmaceutical companies, academic institutions, and pre-clinical contract research organizations to enhance its interdisciplinary research initiatives and facilitate the implementation of its discoveries into practical applications.

Motorious Entertainment

Seed Round in 2017
Motorious Entertainment Oy is a Finnish game developer and publisher based in Helsinki, established in 2015 by industry veterans Jari Pauna and Timo Poijärvi. The company specializes in creating fun and addictive mobile games, leveraging a deep understanding of global brands and a strong background in AAA game development. Motorious has formed a licensing partnership with the BBC to develop and distribute a series of mobile games across major platforms, incorporating lifestyle themes, humor, and epic challenges to engage its target audience. The games are available for download on app stores, allowing players to compete against one another in a dynamic gaming environment.

Sometrik

Debt Financing in 2017
We find patterns in social noise. Sometrik develops technology to dig out the underlying social structure in data. We help people to focus on their jobs instead of trying to make sense of analytics. Our clients include companies, corporations, governmental organizations and NGO's. Sometrik is build on years of experience in research, consultancy and technology development. Funded by Tekes, Finnvera and the Salomaa Group

Connected Finland

Venture Round in 2017
Connected Finland Oy, established in 2015 and headquartered in Espoo, Finland, is a pioneering low power wide area Internet of Things (IoT) connectivity network operator. It facilitates bidirectional communication between devices, emphasizing energy efficiency to enable the creation of connected devices that can operate for years on standard batteries. As the first nationwide IoT operator in Finland, Connected Finland collaborates closely with Sigfox, a global leader in low power wide area IoT network technology and ecosystems. This partnership enhances its capabilities in providing robust IoT solutions across the country.

Traplight

Venture Round in 2017
Traplight Oy, established in 2010 and located in Tampere, Finland, specializes in developing mobile game communities that emphasize user-generated content. The company focuses on creating free-to-play games that are both accessible and engaging, offering players enjoyable gameplay and a sense of progression. Traplight encourages players to create and share their own games, integrating player-generated levels into the core gaming experience. The company has garnered support from prominent investors and has a team of 28 dedicated professionals working on multiple projects. Their notable title, Big Bang Racing, received recognition as one of the best apps in 2016 on the App Store. Traplight is currently preparing to soft launch its next major game, aiming to provide lasting entertainment that evolves with player preferences.

Spectral Engines

Series A in 2016
Spectral Engines Oy develops and produces advanced spectral sensors for process spectroscopy, agriculture, food and beverage, and gas sensing fields. It offers OEM sensors, application development kits, gas sensors, portable instruments, and SW development kits. The company serves moisture, polymers, hydrocarbons, CO2, APIs in pharma, beverages, and food composition applications. Spectral Engines Oy was founded in 2014 and is headquartered in Helsinki, Finland. As of May 3, 2018, Spectral Engines Oy operates as a subsidiary of m-u-t AG.

Nightingale Health

Series A in 2016
Nightingale Health is a global health tech company transforming preventive care. We envisage a world that focuses on keeping people healthy rather than just treating illnesses. With our pioneering blood-testing services, we provide deep health insights and can measure the effects of lifestyle interventions that are invisible in standard lab tests. The deep knowledge fuels scientific discoveries, industry developments, and encourages people to make positive lifestyle changes that take their health forward.

Ukkoverkot

Venture Round in 2016
Ukkoverkot Oy is a Finnish mobile data operator that specializes in maintaining, selling, and marketing a 4G LTE mobile data network across Finland. Founded in 2014 and headquartered in Helsinki, the company focuses on providing wireless telecommunication services primarily tailored for businesses, authorities, and other demanding user groups. Ukkoverkot does not offer voice or SMS services, instead delivering data connectivity solutions essential for critical business and social functions. Its offerings include the Ukko Mobile 4G LTE network, which supports various applications, as well as UkkoNet, a fixed wireless internet service that provides high-speed connectivity comparable to optical networks. Additionally, the company supports Internet of Things (IoT) implementations and machine-to-machine applications, alongside providing mobile interfaces and routers to enhance connectivity solutions.

Smarp

Venture Round in 2016
Smarp Oy is a Helsinki-based company that offers an Employee Advocacy platform, designed to enhance internal communications and empower employees to share company-related content across their social media networks. Founded in 2011, Smarp's platform allows organizations to create, aggregate, and distribute personalized content to their workforce, while enabling employees to amplify key messages externally. This approach not only improves employee engagement but also contributes to better alignment with corporate goals, resulting in increased profitability and staff retention. Smarp's solution is utilized by over 300 global enterprises, including notable names such as Amazon, Marriott, Swarovski, KPMG, and L’Oréal, to effectively inform and engage their employees.

ArcDia

Venture Round in 2016
The mariPOC® test system allows a multi-analytical result from one patient sample with one analysis. The test system provides central laboratory-level accuracy for patient-centered diagnostics. The reliability of the results is verified by automatic testing of the test system.

Traplight

Venture Round in 2015
Traplight Oy, established in 2010 and located in Tampere, Finland, specializes in developing mobile game communities that emphasize user-generated content. The company focuses on creating free-to-play games that are both accessible and engaging, offering players enjoyable gameplay and a sense of progression. Traplight encourages players to create and share their own games, integrating player-generated levels into the core gaming experience. The company has garnered support from prominent investors and has a team of 28 dedicated professionals working on multiple projects. Their notable title, Big Bang Racing, received recognition as one of the best apps in 2016 on the App Store. Traplight is currently preparing to soft launch its next major game, aiming to provide lasting entertainment that evolves with player preferences.

Goodwiller

Seed Round in 2015
Goodwiller Oy, established in 2013 and based in Oulu, Finland, specializes in developing disposable test strip devices for measuring alcohol levels in body liquid samples. The company aims to provide laboratory-level diagnostics at accessible retail prices. Its flagship product, PROMILLESS, is a portable and reliable alcohol test designed to fit conveniently into a wallet. This product has already been launched in Nordic markets, with plans for future expansion to reach a broader audience.

CadFaster

Venture Round in 2015
CadFaster is a company that specializes in developing collaboration tools for the 3D CAD community, founded in 2009 by experienced professionals in the software industry. The company offers innovative software products that enhance the viewing and collaboration of computer-aided designs, featuring a product called MyCadbox, which serves as a comprehensive viewer and collaboration tool. MyCadbox supports a wide range of formats and is distinguished by its exceptional visualization performance, enabling users to engage in ultra-fast 3D collaboration. CadFaster's solutions facilitate real-time data sharing, akin to a Dropbox model, allowing users to work with detailed 3D models efficiently.

Bitbar

Series A in 2015
Bitbar Technologies Ltd. is a technology company that specializes in cloud-based mobile application testing solutions. Founded in 2009 and based in Helsinki, Finland, Bitbar provides a range of products and services aimed at mobile app and game developers. Their offerings include Testdroid Cloud, which allows testing on real Android and iOS devices, and Testdroid Enterprise, an in-house solution for managing automated testing across multiple devices. Additionally, the company offers Testdroid PrivateCloud, enabling access to a selection of real devices for app development and testing, and Testdroid Recorder, a tool for generating reusable test cases. Bitbar's solutions help optimize continuous integration and delivery workflows, leveraging automation and AI to significantly reduce testing time and costs. The company serves various industries, including technology, gaming, financial services, and e-commerce, with a diverse clientele that includes notable names such as Facebook, Google, and eBay. As of August 2019, Bitbar operates as a subsidiary of SmartBear Software Inc.

Synoste

Series A in 2015
Synoste Oy, founded in 2007 and based in Espoo, Finland, is focused on developing innovative medical solutions for the treatment of skeletal deformities. The company's primary objective is to enhance patient comfort during bone-lengthening and bone-deformation correction procedures. By leveraging smart materials, Synoste aims to improve the traditional limb lengthening process, which is often associated with complications and discomfort. Their technology platform addresses various conditions, including congenital and trauma-related limb discrepancies, adult and pediatric deformities, and craniomaxillofacial deformations. As a subsidiary of Globus Medical, Inc., Synoste is committed to providing safer, more effective treatments that facilitate quicker recovery and restore patients' quality of life.

Surveypal

Seed Round in 2015
Surveypal, Inc. is a company that specializes in providing an online customer survey platform aimed at enhancing feedback management for businesses. Established in 2011 and headquartered in San Francisco, California, Surveypal offers a range of features, including feedback automation, a style editor, office compatibility, and CRM integration. The platform enables users to create visually appealing surveys that are compatible across devices, thereby improving response rates. Additionally, it provides tools for sending, receiving, and tracking surveys, allowing organizations to gather insights that can be used to enhance customer, employee, and brand experiences. By leveraging technology and feedback management techniques, Surveypal assists businesses in engaging with customers effectively throughout their journey and translating real-time feedback into actionable business strategies.

TactoTek

Venture Round in 2015
TactoTek Oy designs and manufactures injection-molded 3D structural electronic solutions. The company offers structural electronics that integrate printed circuitry, printed touch controls, and discrete electronic components into 3D injection-molded plastics to produce standard equipment enabling brands to design light, thin, and durable components, including LEDs for lighting, sensors, antennae, circuitry, integrated circuits, and printed touch controls. It involves in the development of solutions for a range of market segments, such as Internet of Things; automotive solutions, including electric vehicles; wearable technology; and scalable mass production. The company was incorporated in 2011 and is based in Kempele, Finland.

Exaget

Seed Round in 2015
Exaget Oy, founded in 2012 and based in Helsinki, Finland, specializes in providing tailored real-time digital audio advertisements and content to listeners, utilizing their profiles for precise targeting. The company’s technology allows broadcasters to engage mobile audiences with advertisements based on various factors such as interests, demographics, age, gender, language, and location. Advertisers benefit from the ability to deliver relevant messages at optimal moments, using demographic and geolocation data to reach customers in real-time. Additionally, the solution includes features that allow for tracking, modification, and optimization of advertising campaigns, ensuring messages remain effective and actionable. Exaget also incorporates interactive visuals alongside audio commercials to enhance viewer engagement and encourage direct interaction. The company has expanded its operations to include a presence in London, further broadening its reach within the digital advertising landscape.

Nanocomp

Venture Round in 2015
Nanocomp Oy Ltd. is a high-technology company established in 1997 and based in Kontiolahti, Finland, with additional offices in the United States, Japan, and Hong Kong. The company specializes in the design and manufacture of micro- and nanophotonics solutions for various applications, including consumer electronics, laser sensing, and special lighting. Its products encompass display lighting for handheld devices, flexible lightguides, augmented reality glasses, and thin foil lenses. Nanocomp also develops integrated security solutions, machine vision systems, and customizable signals for automotive applications. The company's production employs a reel-to-reel process, which is recognized as an efficient method for mass manufacturing.

Cabforce

Venture Round in 2015
Cabforce.com is on a mission to make the door-to-door travel experience agony free. They offer fixed price quote, secure online credit card payment and electronic receipts for taxi, private hire car, and minibus bookings in the top 40 European cities.

VaasaBall LNG

Series A in 2014
VaasaBall LNG Products Oy specializes in the transportation and storage of liquefied gases through its innovative ball-shaped storage and vacuum insulation systems. The company's technology features a ball tank encased in two layers of vacuum insulation, resulting in a lightweight and flexible design. This allows for scalability, accommodating a range of sizes from small, portable units of 4 cubic meters to large, shipyard-constructed units of up to 36,000 cubic meters, all adhering to consistent structural and manufacturing principles.

InsightsAtlas

Seed Round in 2014
InsightsAtlas is a pioneering social media analytics service that specializes in interpreting both textual and visual content, including images and videos. Founded in Finland, the company operates globally with offices in Singapore, Shanghai, and Dubai. By integrating the expertise of millions of human analysts with advanced computer algorithms, InsightsAtlas offers a comprehensive platform that delivers unbiased and precise social media insights. This capability allows a diverse range of clients, from startups to established organizations, to make informed strategic and tactical decisions. The company is experiencing rapid growth as it continues to serve consumers and businesses worldwide.

Intelle Innovations

Seed Round in 2014
Intelle Innovations is a cloud-based solution that uses BIM to provide interactive visualizations and better experiences to aid design and build project processes from concept to delivery and beyond. It integrates into its users’ existing systems and devices, requiring the minimum of training and better implementation. Intelle Innovations was founded in 2012 and is based in Vantaa, Southern Finland.

Traplight

Seed Round in 2014
Traplight Oy, established in 2010 and located in Tampere, Finland, specializes in developing mobile game communities that emphasize user-generated content. The company focuses on creating free-to-play games that are both accessible and engaging, offering players enjoyable gameplay and a sense of progression. Traplight encourages players to create and share their own games, integrating player-generated levels into the core gaming experience. The company has garnered support from prominent investors and has a team of 28 dedicated professionals working on multiple projects. Their notable title, Big Bang Racing, received recognition as one of the best apps in 2016 on the App Store. Traplight is currently preparing to soft launch its next major game, aiming to provide lasting entertainment that evolves with player preferences.

Forendo Pharma

Series A in 2014
Forendo Pharma Oy is a drug discovery and development company based in Turku, Finland, founded in 2013. The company specializes in the tissue-specific regulation of sex hormone effects and is focused on developing innovative treatments for urological and endocrinological diseases. Its lead product, Fispemifene, is a selective estrogen receptor modulator designed to address symptoms related to low testosterone in men. Additionally, Forendo is working on a 17HSD1-inhibitor aimed at treating endometriosis. By targeting specific hormone mechanisms, Forendo Pharma seeks to enhance treatment options for both male and female health conditions, addressing unmet medical needs in these areas.

Safera

Series A in 2014
Safera Oy, based in Vantaa, Finland, specializes in fire safety solutions for residential buildings, particularly focusing on kitchen fire prevention. Founded in 2007, the company designs and develops safety cooker hoods and stove guards that disconnect power from the cooker and feature a childproof lock to prevent unattended use. These appliances are equipped with battery-operated sensors that monitor stove usage and alert users to potential fire hazards, thereby enhancing cooking safety and improving indoor air quality. Safera markets its products through retailers in Finland, aiming to help users focus on essential daily activities while minimizing the risk of cooking fires.

CadFaster

Venture Round in 2014
CadFaster is a company that specializes in developing collaboration tools for the 3D CAD community, founded in 2009 by experienced professionals in the software industry. The company offers innovative software products that enhance the viewing and collaboration of computer-aided designs, featuring a product called MyCadbox, which serves as a comprehensive viewer and collaboration tool. MyCadbox supports a wide range of formats and is distinguished by its exceptional visualization performance, enabling users to engage in ultra-fast 3D collaboration. CadFaster's solutions facilitate real-time data sharing, akin to a Dropbox model, allowing users to work with detailed 3D models efficiently.

VividWorks

Venture Round in 2014
VividWorks Ltd. is a provider of online 3D design-to-purchase SaaS platform solutions, specializing in visual customization for furniture manufacturers and retail chains across Europe and beyond, including countries such as Finland, Sweden, and Italy. The company's primary offering, VividPlatform, is a web-based tool that facilitates 3D visualization and sales management, allowing both sales personnel and end customers to design products and interiors intuitively. Key components of VividPlatform include ProductComposer for product configuration, InteriorPlanner for interactive design, VividAR for integrating virtual objects into real-life images, and SalesConnection for seamless integration with sales systems. Founded in 2006 and headquartered in Oulu, Finland, VividWorks also maintains offices in Helsinki, Palo Alto, Tokyo, and Copenhagen, aimed at enhancing the purchasing experience and improving sales conversion rates for its clients.

Beddit

Venture Round in 2014
Beddit.com Oy, founded in 2006 and based in Espoo, Finland, specializes in developing smart bed sensors that monitor sleep patterns and overall well-being. The company's flagship product, the Beddit Sleep Tracker, is designed to be placed under the mattress topper, allowing users to track various sleep metrics, including sleep time, quality, heart rate, and respiration, through a mobile application. This technology utilizes ballistocardiography, a method for measuring micro-movements caused by cardiac activity, to provide users with detailed insights into their sleep. Beddit aims to help individuals understand their sleep behaviors and improve their daily habits for better rest. In 2017, the company became a subsidiary of Apple Inc., further enhancing its position in the consumer sleep technology market.

Aquaminerals Finland Oy

Series A in 2014
Aquaminerals Finland Ltd (AQM) is a privately owned Finnish company specializing in production of heavy metal and metalloid sorbents. Products of AQM are used in waste water treatment, both in industrial and domestic facilities. Activity of AQM is based on scientific research carried out at the University of Oulu between 2003 - 2012. Patented products are derived from modified natural minerals.

CrisolteQ

Series A in 2014
CrisolteQ Oy is a Finnish company specializing in the recycling of valuable metals from lithium-ion batteries. Established in 2005 by Kenneth Ekman, the company is headquartered in Harjavalta, Finland. As of January 2020, it operates as a subsidiary of Fortum Oyj. CrisolteQ Oy focuses on providing efficient metal recycling services, contributing to the sustainable management of electronic waste and the recovery of critical materials in the battery industry.

WellO2

Seed Round in 2014
WellO2 specializes in the development of respiratory therapy devices aimed at alleviating breathing difficulties associated with acute and chronic respiratory conditions. The company combines two established methods of airway treatment: resisted exhalation, which helps to open airways and strengthen respiratory muscles, and the inhalation of warm vapor, which moisturizes the airways and alleviates irritation caused by mucus. WellO2's devices provide non-medicinal relief for various respiratory issues, including asthma, COPD, sleep disorders, and rehabilitation from illnesses like the flu and COVID-19. By enabling individuals to manage and improve their respiratory health at home, WellO2 supports patients in overcoming shallow breathing and related challenges.

VRT Finland

Seed Round in 2014
VRT Finland Oy, founded in 2010 by two civil engineers, specializes in underwater structural sonar inspections and measurement services. The company conducts structural inspections of port facilities, maintenance of bridges, and assessments of hydro power plants, dams, and industrial structures. Additionally, it performs inspections of marine archaeological sites. Based in Jyväskylä, Finland, VRT operates across Scandinavia, Central Europe, and the Mediterranean. In 2013, the company experienced significant growth, doubling its turnover and earning recognition as the best company at the Growth Open, a prestigious event for innovative businesses in Finland.

Spectral Engines

Seed Round in 2014
Spectral Engines Oy develops and produces advanced spectral sensors for process spectroscopy, agriculture, food and beverage, and gas sensing fields. It offers OEM sensors, application development kits, gas sensors, portable instruments, and SW development kits. The company serves moisture, polymers, hydrocarbons, CO2, APIs in pharma, beverages, and food composition applications. Spectral Engines Oy was founded in 2014 and is headquartered in Helsinki, Finland. As of May 3, 2018, Spectral Engines Oy operates as a subsidiary of m-u-t AG.
CRST is a contract research organization (CRO) that conducts clinical, preclinical and bioanalytical studies for the pharmaceutical industry and for other customers. CRST is run by experienced specialists with in-depth understanding of basic and clinical pharmacology and analytical chemistry, especially in therapeutic areas such as disorders of the central nervous system, metabolic diseases and cancer. CRST’s core expertise lies in the understanding of disease mechanisms. Specialists from different fields participate in CRST’s operations as principal investigators and scientific consultants. Thanks to its close cooperation with Turku PET Centre, CRST is equipped to perform clinical proof-of-concept studies involving PET imaging. CRST’s clients include many leading Finnish, Nordic and multinational companies. CRST’s services include clinical and preclinical study design, study conduct and reporting, analysis of biological, formulation and environmental samples, analytical method development and validation, and regulatory affairs.

Aquaminerals Finland Oy

Seed Round in 2014
Aquaminerals Finland Ltd (AQM) is a privately owned Finnish company specializing in production of heavy metal and metalloid sorbents. Products of AQM are used in waste water treatment, both in industrial and domestic facilities. Activity of AQM is based on scientific research carried out at the University of Oulu between 2003 - 2012. Patented products are derived from modified natural minerals.

Primex Pharmaceuticals

Series A in 2014
Primex Pharmaceuticals Ltd. is a pharmaceutical company that develops, manufactures, and markets a diverse range of healthcare products and medicines aimed at both consumers and healthcare professionals. Established in 2001 and headquartered in Finland, the company offers treatments for various conditions, including respiratory issues, women's health, pregnancy, anesthesia, arthritis, and pain management related to sports injuries and repetitive strain. Additionally, Primex provides products that help prevent nausea and vomiting during travel. The company has a global presence, supplying high-quality medicines to healthcare institutions across 39 countries, reaching nearly one billion people through its regional marketing and distribution efforts.

Senseg

Series B in 2014
Senseg Oy, founded in 2006 and based in Espoo, Finland, specializes in tactile interface technology solutions. The company's flagship product, E-Sense, offers an innovative approach to touch interaction by using electrically generated force fields to simulate the sensation of virtual buttons and textures on smooth surfaces such as smartphones and computer screens. Unlike traditional haptic technologies that rely on mechanical motors, E-Sense operates without any moving parts, creating a motionless interaction that enhances user experience through realistic tactile feedback. As of February 2016, Senseg operates as a subsidiary of O-film Global (HK) Trading Limited.

Aquaminerals Finland Oy

Seed Round in 2014
Aquaminerals Finland Ltd (AQM) is a privately owned Finnish company specializing in production of heavy metal and metalloid sorbents. Products of AQM are used in waste water treatment, both in industrial and domestic facilities. Activity of AQM is based on scientific research carried out at the University of Oulu between 2003 - 2012. Patented products are derived from modified natural minerals.

Etuma

Seed Round in 2014
Etuma Oy is a Finnish company that specializes in feedback analysis solutions, operating both domestically and internationally. The company's primary offering, Etuma360, is a cloud-based service designed to analyze text-based customer communications from multiple sources, including customer service interactions, emails, social media, and surveys. This platform features various analytical tools, such as a heat map to visualize feedback trends, a tag cloud to identify customer expressions, and feedback volume tracking to monitor sentiment changes over time. Etuma360 also highlights emerging discussion topics, helping decision-makers understand customer sentiment and prioritize issues effectively. The service supports multiple languages, including English, French, German, and Finnish. Established in 2011 and headquartered in Helsinki, Etuma aims to transform customer feedback into actionable insights for businesses.

NearMe Services

Seed Round in 2014
NearMe Services Oy, founded in 2010 and based in Espoo, Finland, specializes in digital marketing solutions for retailers and brands. The company develops white-label digital products tailored for online classifieds and internet yellow pages, enhancing customer satisfaction for its clients. NearMe Services also offers personalized web and mobile networking, alongside consulting services designed to support businesses in optimizing their online presence. By providing cloud computing services and facilitating rapid campaign promotions, NearMe Services aims to help businesses increase sales and improve overall customer service through effective digital strategies.

Aquaminerals Finland Oy

Seed Round in 2014
Aquaminerals Finland Ltd (AQM) is a privately owned Finnish company specializing in production of heavy metal and metalloid sorbents. Products of AQM are used in waste water treatment, both in industrial and domestic facilities. Activity of AQM is based on scientific research carried out at the University of Oulu between 2003 - 2012. Patented products are derived from modified natural minerals.

Digital Goodie

Seed Round in 2013
Digital Goodie Ltd., founded in 2009 and based in Helsinki, Finland, is a software company that specializes in connected commerce solutions. The company offers a highly customizable software-as-a-service (SaaS) platform designed for retailers, enabling them to create integrated online retail experiences. Its platform operates on a microservices architecture, featuring modular components for commerce and fulfillment. Digital Goodie's technology supports both web and mobile application development through software development kits, catering to a diverse clientele across Scandinavia, the Baltics, Russia, the United Kingdom, and the United States. The platform has gained recognition for its effectiveness, serving major retailers, including Finland's leading retail chain with over 1,000 stores utilizing its solutions.

BCB Medical

Series A in 2013
BCB Medical Ltd. is a healthcare software company headquartered in Turku, Finland, with additional offices in Oulu, Tampere, and Espoo. Founded in 2003, the company specializes in the collection, management, processing, and utilization of medical information for tissue banks, hospitals, and hospital districts primarily in the Nordic countries. BCB Medical develops various solutions, including the Disease-Specific Bullet Registry, which integrates multiple information management systems related to patient care. The company also offers Omavointi, a self-help service that facilitates patient engagement in their health management, and BCB 360°, a data service that analyzes and visualizes information from various medical registries. BCB Medical provides registry solutions across multiple medical specialties, including orthopedics, oncology, neurology, and more, while maintaining a strong focus on compliance with healthcare regulations and delivering high-quality, transparent services to enhance treatment processes.

CadFaster

Seed Round in 2013
CadFaster is a company that specializes in developing collaboration tools for the 3D CAD community, founded in 2009 by experienced professionals in the software industry. The company offers innovative software products that enhance the viewing and collaboration of computer-aided designs, featuring a product called MyCadbox, which serves as a comprehensive viewer and collaboration tool. MyCadbox supports a wide range of formats and is distinguished by its exceptional visualization performance, enabling users to engage in ultra-fast 3D collaboration. CadFaster's solutions facilitate real-time data sharing, akin to a Dropbox model, allowing users to work with detailed 3D models efficiently.

Synoste

Venture Round in 2013
Synoste Oy, founded in 2007 and based in Espoo, Finland, is focused on developing innovative medical solutions for the treatment of skeletal deformities. The company's primary objective is to enhance patient comfort during bone-lengthening and bone-deformation correction procedures. By leveraging smart materials, Synoste aims to improve the traditional limb lengthening process, which is often associated with complications and discomfort. Their technology platform addresses various conditions, including congenital and trauma-related limb discrepancies, adult and pediatric deformities, and craniomaxillofacial deformations. As a subsidiary of Globus Medical, Inc., Synoste is committed to providing safer, more effective treatments that facilitate quicker recovery and restore patients' quality of life.

Cajo Technologies

Venture Round in 2013
Cajo Technologies produces innovative laser marking solutions for all industrial and branding purposes. Cajo Technologies is a forerunner in laser marking software, material knowledge, and controlling the laser beam. Subsequently, the innovation has been further developed to provide comprehensive solutions for traceability and product markings, optimized for industrial production processes. Cajo Technologies was founded on 2010 and is headquartered in Kempele, Finland.

TactoTek

Venture Round in 2013
TactoTek Oy designs and manufactures injection-molded 3D structural electronic solutions. The company offers structural electronics that integrate printed circuitry, printed touch controls, and discrete electronic components into 3D injection-molded plastics to produce standard equipment enabling brands to design light, thin, and durable components, including LEDs for lighting, sensors, antennae, circuitry, integrated circuits, and printed touch controls. It involves in the development of solutions for a range of market segments, such as Internet of Things; automotive solutions, including electric vehicles; wearable technology; and scalable mass production. The company was incorporated in 2011 and is based in Kempele, Finland.

Sooma

Seed Round in 2013
Sooma Oy is a Finnish company founded in 2013, specializing in the manufacture of medical devices that provide non-invasive treatment options for neurological and psychiatric disorders. Based in Espoo, the company has developed a brain stimulation device that serves as an affordable alternative for managing conditions such as depression. Sooma has pioneered the first medically approved home-based therapy for depression, which is now utilized in over 100 clinics globally. By focusing on enhancing accessibility to effective treatments, Sooma aims to transform psychiatric and neurological care, enabling physicians to offer innovative therapies to patients in a home environment.

MetGen

Series A in 2013
MetGen develops and produces enzymes tailored to industrial customer needs. MetZymes are enzymes belonging to the class of multicopper oxidases. These enzymes are involved in several oxidative functions and particularly in delignification. MetGen have created biological enzymes that can be added into the pulp mix to separate wood fibres more effectively before the thermo-mechanical pulping stage, radically improving the energy efficiency of the whole pulp-making process.

MyCadbox

Venture Round in 2013
MyCadbox, from Finland’s CadFaster, is an online CAD collaboration site, like a Dropbox for CAD files. Unlike its competitors it largely shuns the Web for native desktop and mobile apps that it says affords it the ability to share and view much larger 3D models and at a higher frame rate than browser-based technologies allow. In the future, however, it has more ambitious plans to add Evernote-style search features to help unlock the huge amount of metadata potentially associated with 3D files.

CadFaster

Venture Round in 2013
CadFaster is a company that specializes in developing collaboration tools for the 3D CAD community, founded in 2009 by experienced professionals in the software industry. The company offers innovative software products that enhance the viewing and collaboration of computer-aided designs, featuring a product called MyCadbox, which serves as a comprehensive viewer and collaboration tool. MyCadbox supports a wide range of formats and is distinguished by its exceptional visualization performance, enabling users to engage in ultra-fast 3D collaboration. CadFaster's solutions facilitate real-time data sharing, akin to a Dropbox model, allowing users to work with detailed 3D models efficiently.

Bitbar

Venture Round in 2013
Bitbar Technologies Ltd. is a technology company that specializes in cloud-based mobile application testing solutions. Founded in 2009 and based in Helsinki, Finland, Bitbar provides a range of products and services aimed at mobile app and game developers. Their offerings include Testdroid Cloud, which allows testing on real Android and iOS devices, and Testdroid Enterprise, an in-house solution for managing automated testing across multiple devices. Additionally, the company offers Testdroid PrivateCloud, enabling access to a selection of real devices for app development and testing, and Testdroid Recorder, a tool for generating reusable test cases. Bitbar's solutions help optimize continuous integration and delivery workflows, leveraging automation and AI to significantly reduce testing time and costs. The company serves various industries, including technology, gaming, financial services, and e-commerce, with a diverse clientele that includes notable names such as Facebook, Google, and eBay. As of August 2019, Bitbar operates as a subsidiary of SmartBear Software Inc.

Digital Goodie

Seed Round in 2013
Digital Goodie Ltd., founded in 2009 and based in Helsinki, Finland, is a software company that specializes in connected commerce solutions. The company offers a highly customizable software-as-a-service (SaaS) platform designed for retailers, enabling them to create integrated online retail experiences. Its platform operates on a microservices architecture, featuring modular components for commerce and fulfillment. Digital Goodie's technology supports both web and mobile application development through software development kits, catering to a diverse clientele across Scandinavia, the Baltics, Russia, the United Kingdom, and the United States. The platform has gained recognition for its effectiveness, serving major retailers, including Finland's leading retail chain with over 1,000 stores utilizing its solutions.

MetGen

Venture Round in 2013
MetGen develops and produces enzymes tailored to industrial customer needs. MetZymes are enzymes belonging to the class of multicopper oxidases. These enzymes are involved in several oxidative functions and particularly in delignification. MetGen have created biological enzymes that can be added into the pulp mix to separate wood fibres more effectively before the thermo-mechanical pulping stage, radically improving the energy efficiency of the whole pulp-making process.

Wello

Seed Round in 2013
Wello is an online platform that facilitates live fitness training through two-way video, offering users an accessible and cost-effective way to engage with fitness professionals. Launched in 2011 by Stanford MBA graduates Ann Scott Plante and Leslie Silverglide, Wello's initial product, 1-on-1 personal training, debuted in 2012. The platform connects clients with vetted trainers tailored to their specific fitness needs, ensuring a personalized experience. It simplifies the process of scheduling and payment while establishing a live video connection for workouts. In 2013, Wello participated in the Rock Health program, integrating itself into a prominent network of digital health companies. Based in San Francisco, Wello continues to provide innovative solutions for those seeking flexible and interactive fitness options.

M-Brain

Venture Round in 2012
M-Brain is a global information services company with offices in twelve countries. M-Brain services are based on a unique combination of their own proprietary big data technology and human intelligence. M-Brain offers media, business and market intelligence solutions, strategic analysis and advisory services, consultation services, as well as online intelligence tools and technology to bring true insight into their clients’ business environment. M-Brain's solutions and services are tailored to serve a variety of business needs regardless of function, industry type or language barriers. M-Brain currently monitors hundreds of millions (constantly growing) of online sources, over 2,000 print media sources and over 100 TV and Radio news broadcasts 24/7 to serve their clients anytime, anywhere. M-Brain's proprietary, patent-pending big data technology searches, selects and filters the relevant and only relevant content from all over the world for their clients. M-Brain's 450 analysts worldwide provide intelligence to their clients by providing them with insight based on information from over 70 languages. M-Brain was founded 1999 by its long time CEO Marjukka Nyberg as a working team focused on media measurement and analysis. Digitalization, the growth of internet and the explosion of social media demanded a more effective way of collecting media data than manual reading. M-Brain developed its first generation search engine in 2000-01 to meet this challenge. Using the newly designed cross-language search engine the company started to offer its clients web-based media monitoring.

Pharmatest

Seed Round in 2012
Pharmatest Services Ltd is a contract research organization that specializes in preclinical efficacy services, focusing on oncology and skeletal diseases. The company aims to expedite nonclinical drug development processes while enhancing their predictability, ultimately reducing the rate of drug candidate failures in clinical trials. By offering access to advanced translational tools for lead validation and proof-of-concept studies, Pharmatest supports medical researchers in addressing unmet clinical needs. Their services are designed to be both effective and cost-efficient, allowing for a more streamlined approach to early drug development.

Wello Oy

Series B in 2012
Wello Oy manufactures wave energy converters. The company offers Penguin Core, a package including design, licensing, control software, device, and knowledge base for the construction of scalable wave parks. The company was founded in 2008 and is based in Espoo, Finland.

Mobile Backstage

Venture Round in 2012
Mobile Backstage is a FRM (Fan Relationship Management) platform, that changes the way anyone with a fan-base, such as bands and artists, connect with their fans. Mobile Backstage believe that a true fan is worth a million listeners, and can help to identify who they are and provide a platform to build a community, increase fan engagement and both manage & monetize fan relationships. Mobile Backstage have apps for different platforms, such as Facebook, iOS and Android, to interact with fans. Customers include major music companies and bands like Evanescence.

Emtele

Venture Round in 2012
Emtele Oy is a service operator based in Tampere, Finland, specializing in enterprise and machine-to-machine communication. The company focuses on industrial sectors such as manufacturing, energy, and healthcare, providing turnkey solutions that streamline business processes. Emtele is recognized for its pioneering role in device communication, having emerged from initiatives in the late 1990s aimed at addressing future demands in this area. Its offerings include a grid management platform that enhances electricity distribution services through automation and digitalization. By integrating sensor-enabled devices into business processes, Emtele enables enterprises to adopt cost-effective technologies that improve operational efficiency.

Uplause

Angel Round in 2012
Uplause Ltd. engages in developing and marketing social games for the audience. It provides the audience with interactive entertainment. The company was founded in 2009 and is based in Helsinki, Finland.

Bitbar

Venture Round in 2012
Bitbar Technologies Ltd. is a technology company that specializes in cloud-based mobile application testing solutions. Founded in 2009 and based in Helsinki, Finland, Bitbar provides a range of products and services aimed at mobile app and game developers. Their offerings include Testdroid Cloud, which allows testing on real Android and iOS devices, and Testdroid Enterprise, an in-house solution for managing automated testing across multiple devices. Additionally, the company offers Testdroid PrivateCloud, enabling access to a selection of real devices for app development and testing, and Testdroid Recorder, a tool for generating reusable test cases. Bitbar's solutions help optimize continuous integration and delivery workflows, leveraging automation and AI to significantly reduce testing time and costs. The company serves various industries, including technology, gaming, financial services, and e-commerce, with a diverse clientele that includes notable names such as Facebook, Google, and eBay. As of August 2019, Bitbar operates as a subsidiary of SmartBear Software Inc.

ZenRobotics

Series A in 2011
ZenRobotics Ltd., founded in 2007 and based in Helsinki, Finland, specializes in robotic recycling technology aimed at enhancing waste sorting efficiency. The company's flagship product, the ZenRobotics Recycler, is the world's first robotic waste sorting system, utilizing artificial intelligence to accurately separate various waste fractions from solid waste streams, including commercial, industrial, municipal solid, and construction waste. This innovative system is designed to lower costs and reduce manual labor in recycling processes. In addition to its robotic technology, ZenRobotics also provides digitalization and data services to help recycling centers optimize their operations and better understand their processes. The company markets its products through a global reseller network, contributing to advancements in the recycling industry.

CadFaster

Seed Round in 2011
CadFaster is a company that specializes in developing collaboration tools for the 3D CAD community, founded in 2009 by experienced professionals in the software industry. The company offers innovative software products that enhance the viewing and collaboration of computer-aided designs, featuring a product called MyCadbox, which serves as a comprehensive viewer and collaboration tool. MyCadbox supports a wide range of formats and is distinguished by its exceptional visualization performance, enabling users to engage in ultra-fast 3D collaboration. CadFaster's solutions facilitate real-time data sharing, akin to a Dropbox model, allowing users to work with detailed 3D models efficiently.

MultiTouch

Seed Round in 2011
MultiTouch Ltd manufactures table- and wall-sized multitouch displays. Multiple users can use displays simultaneously.

Lifetime Group

Seed Round in 2011
Lifetime Group has 5 verticals. Lifetime Studios delivers Secure Managed Sourcing and Apps. Lifetime Consulting - Advisors You Trust. Lifetime HR Solutions. Lifetime Logistics. Lifetime Publishing. All Digital.

Mendor

Series B in 2011
Mendor is a Finnish company focused on designing, developing, and marketing innovative diabetes management products. It has introduced a portable, all-in-one blood glucose meter alongside a web-based software application aimed at facilitating daily diabetes management. Mendor's products are developed in collaboration with users and diabetes experts to meet the specific needs of individuals who require regular blood glucose monitoring. Additionally, the company offers patented software systems that provide real-time data on diabetic care, which enhances the efficacy and efficiency of diabetes treatment for both patients and caregivers.

Voyantic

Seed Round in 2011
Voyantic Ltd. specializes in providing measurement solutions for the RFID market, focusing on its flagship product, Tagformance, which is widely regarded as the standard for UHF RFID performance measurements. Founded in 2004 and headquartered in Espoo, Finland, the company serves a diverse customer base that includes leading tag manufacturers, universities, and system integrators across regions such as North America, Europe, the APAC region, South America, and Africa. With a team possessing decades of expertise in RFID technology, RF design, and measurement instrumentation, Voyantic delivers valuable insights and high-quality measurement systems that enhance the performance and reliability of RFID transponders.

CadFaster

Seed Round in 2010
CadFaster is a company that specializes in developing collaboration tools for the 3D CAD community, founded in 2009 by experienced professionals in the software industry. The company offers innovative software products that enhance the viewing and collaboration of computer-aided designs, featuring a product called MyCadbox, which serves as a comprehensive viewer and collaboration tool. MyCadbox supports a wide range of formats and is distinguished by its exceptional visualization performance, enabling users to engage in ultra-fast 3D collaboration. CadFaster's solutions facilitate real-time data sharing, akin to a Dropbox model, allowing users to work with detailed 3D models efficiently.

Miradore

Seed Round in 2010
Miradore Ltd. is a provider of cloud-based IT lifecycle management systems, facilitating the efficient management of diverse IT environments for organizations. Founded in 2006 and based in Lappeenranta, Finland, with additional offices in Helsinki, the company offers integrated solutions that encompass asset management, configuration management, and lifecycle management tools. Miradore enables remote access to a variety of end-user devices, including desktops, laptops, and mobile devices, while supporting the entire IT lifecycle from purchasing and installation to maintenance and retirement of equipment. The platform provides a dynamic real-time asset management system that keeps IT service providers informed about their assets, ensuring reliable and updated information. Miradore also includes a built-in configuration management system that automates changes and maintains records, thereby enhancing operational transparency and compliance. Its services cater to IT service providers, enterprises, healthcare, government entities, and the Finnish military, making it a versatile choice for comprehensive IT management.

Zokem

Venture Round in 2010
Zokem, www.zokem.com, provides 360° analytics on the mobile medium. Zokem was founded in 2008 building on Ph.D mobile consumer research and global telecom consulting. It is privately held and backed by its key management and Europe-based venture investors. The company pioneers in a new breed of analytics that captures everything that people do in life with their mobiles by collecting data directly from devices. Zokem's customers include media measurement companies, research agencies, carriers, and device manufacturers. Zokem provides analytics over a wide range of areas – from people’s behavior to music consumption and application usage, and from mobile Internet browsing to adoption of mobile services and device features.

MediSapiens

Seed Round in 2010
MediSapiens is the world’s first software company for personalized cancer medicine in oncology clinics and new drug development. Company’s bioinformatics science and peer-reviewed data is based on the research since 2005 by VTT, Technical Research Centre of Finland and its collaborators. Company's online genomics data enables scientists to understand the role of human genes in health and disease – helping oncologists in choosing optimal treatments and biopharmaceutical companies in developing next generation personalized medicines.

Voyantic

Seed Round in 2010
Voyantic Ltd. specializes in providing measurement solutions for the RFID market, focusing on its flagship product, Tagformance, which is widely regarded as the standard for UHF RFID performance measurements. Founded in 2004 and headquartered in Espoo, Finland, the company serves a diverse customer base that includes leading tag manufacturers, universities, and system integrators across regions such as North America, Europe, the APAC region, South America, and Africa. With a team possessing decades of expertise in RFID technology, RF design, and measurement instrumentation, Voyantic delivers valuable insights and high-quality measurement systems that enhance the performance and reliability of RFID transponders.

Nervogrid

Venture Round in 2010
Nervogrid - Cloud Brokerage Made Easy Nervogrid helps partners aggregate, integrate and customize various cloud services, and manage the interactions with multiple service providers in a simple, intuitive package. The Nervogrid Unified Cloud Brokerage solution fully automates the customer lifecycle from presales to provisioning, billing, self-care and support.

Dazzboard

Seed Round in 2010
dazzboard is the universal media manager, web application that connects mobile devices, PC and the Web and manages media between those dazzboard is like open iTunes, supporting all portable devices, mobile phones, MP3 and media players. with dazzboard you can download YouTube videos and Flickr pictures to a mobile phone, upload photos and videos to Facebook - connect your portable device to your favourite services

SongHi Entertainment

Venture Round in 2010
SongHi Entertainment Ltd. is a fast-growing company making musical applications forweb- and mobile platforms. The company’s founding members have decades of experience in the area of music business in terms of managing a professional studio,creating musical content for movies, games, commercials and top-selling artists. This love and passion for music was, and still is the founding stone in Songhi Entertainment’s mission; making it possible for everyone to start interacting with music, in a fun, easy and innovative way.

XIHA

Seed Round in 2010
XIHA develops the world's first multilingual social media platform and operates XIHA Life, an online community targeted at people who use multiple languages in their everyday lives.

Wello Oy

Seed Round in 2009
Wello Oy manufactures wave energy converters. The company offers Penguin Core, a package including design, licensing, control software, device, and knowledge base for the construction of scalable wave parks. The company was founded in 2008 and is based in Espoo, Finland.

Pharmatest

Seed Round in 2007
Pharmatest Services Ltd is a contract research organization that specializes in preclinical efficacy services, focusing on oncology and skeletal diseases. The company aims to expedite nonclinical drug development processes while enhancing their predictability, ultimately reducing the rate of drug candidate failures in clinical trials. By offering access to advanced translational tools for lead validation and proof-of-concept studies, Pharmatest supports medical researchers in addressing unmet clinical needs. Their services are designed to be both effective and cost-efficient, allowing for a more streamlined approach to early drug development.
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